Pat Jackson
BRRR method, HELOC instead of Refinance?
5 November 2017 | 5 replies
However, when I went to speak with Bank Midwest, they offer a HELOC on investment properties.
Andy C.
Advice for buying fourplexes with commercial loan
5 November 2017 | 2 replies
And the owner will only sell them together.If a bank is willing and able to do a commercial loan vs buying them individually, are there a foreseeable advantages or disadvantages from your perspective?
Lesley Resnick
Looking for creative deal idea
1 November 2017 | 4 replies
Lenders are so efficient it is on the auction block where buyers have to pay 5% hammer fee to the firm and bank to acquire a property at market price.
CJ C.
Would you rent to this tenant?
2 November 2017 | 15 replies
And I tell them make sure the rent money is in the bank on the first.Another tenant, slightly better qualifications, missed one electronic payment recently, but tells me he had to help a relative out, and spend $29K.
Steven C. Suarez
Best way to set up an owner financing deal?
1 November 2017 | 0 replies
As you know, these appear more high-risk for banks.
William Springer
First foray, insights welcome
13 November 2017 | 18 replies
Richmond VaI am thinking about hiring a property manager to collect the rent, and pay the HOA fees while depositing the remainder in a bank account for my mom and I to access.My working budget is $300k and I am looking to get a minimum of $1.5k-$2k per month in rents.Insights welcome
Bryan Cork
Rental rates vs property appreciation
3 November 2017 | 7 replies
The problem is that all the bank owned stuff - which is always the most likely stuff to be discounted - has dried up quite a bit.
Tu Le
No money in the bank!
1 November 2017 | 7 replies
I have cash but what is the best options for me to put it all in the bank without having issue with irs or bank regulation.
John Kim
Help with first mobile home park
12 August 2018 | 9 replies
He did provide me with the current rent roll, 1 year bank statements, water/sewer/gas/tax bills.Here are the numbers based on the bank statements for 1 year:Total income: $82816Total expenses: $75967The park isn’t making much profit but if the occupancy stays at its current rate or increases, it seems like a good deal to me.
Brad Anderson
Financing options.. First property
1 November 2017 | 1 reply
(They wouldn't approve a leave but were more than happy to have me back and my boss literally told me not to pass up the opportunity but for corporate reasons would not be able to accept the leave) So question is do you think a bank would lend to me and if not what sort of deals do private lenders offer ?